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Wall Street Oasis

E265: The Daily Peel | Moody's Gloomy China Outlook

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 6 December 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here

Transcript

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0:00.0

All right, well, welcome back, Apes.

0:08.1

Thank you guys very much once again for joining us on yet another installment of the Daily

0:12.5

Peel live stream here.

0:14.2

As you guys can see, I've been flown out.

0:15.9

I have no longer in the Daily Peel Global headquarters today.

0:19.1

We're talking about China.

0:20.1

So naturally, given the strong performance of WSO Alpha, the company was able to fly me out. I'm reported straight from the gray wall here this morning, as you guys can see. Beautiful day here in China. We got the sunsetsing. Everything is all good, except it's not all good from Moody's perspective. And we'll definitely see how that comes into play just a little bit down below.

0:40.0

What we got for you guys today, we have edition number 600 of the Daily Peel. Can you believe it? Already been 600 editions here. I can't believe that we're still going, but still, it's been a great time here with you guys. once again we're coming after you live like I said not from the dapal global headquarters

0:55.3

but from the dap

0:54.5

global headquarters but from the great wall of china here this morning it is 1046 a m eastern time

1:00.3

uh on of course wednesday december 6th 2023 markets are off to a bit of a mixed start here this

1:07.6

morning not a whole lot going on now the indices are still showing green for the time, but they're definitely trending lower, so we'll see what's going on there. But we've got some stuff from yesterday to talk about, so let's go ahead and dive right in. It is Jobs Week here in the United States, so we're getting a lot of payroll report data and all the other fun stuff that comes along with that. We got the Jolt stuff on Tuesday, so we're going to be talking about that here. We also got some ADP numbers out this morning, so we'll definitely take a second and dive into that as well, see what's going on and see how many of you guys lost your jobs this past month, or maybe game jobs. Who knows, maybe we're done disappointing with family, and we can actually have something positive positive talk about by Christmas because we all know

1:44.4

how bad Thanksgiving went. Now, of course, we do have a couple of stocks to talk about as well.

1:48.8

GitLab and Big Dog Apple at a solid day, while Album Marley in the sick-ass sphere out in Las Vegas

1:54.6

suffered pretty heavily, but we'll get into exactly why. Then, of course, finally, we'll talk

1:59.0

about why out here in China towards the very end of the conversation.

2:02.4

But overall markets yesterday did have a basically fly performance once again,

2:06.4

ranging from a fall of 22 bibs for the Dow up to a better gain of 31 bibs for the NASDA.

2:11.4

But the Russell 2K really went off with a 1.3, 4% selloff.

2:15.2

It was a tough day for them, a tough day for small caps.

2:18.4

And once again, Megicaps were just kind of dominating the conversation.

2:21.7

It seemed to be a bit of a rotation for what we saw in November.

...

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